Galesburg Register-Mail from Galesburg, Illinois on June 30, 1973 · Page 16
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Galesburg Register-Mail from Galesburg, Illinois · Page 16

Galesburg, Illinois
Issue Date:
Saturday, June 30, 1973
Page 16
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16 ^BJcsburg, Reg jster«Mgi f, Golesburg, Saturday,June 30, 1973 Swedish Executive Makes It Big in Business By, DEAN C. MILLER U $f Business Editor NEW YORK (UPI) - At 42, Anders, .Wall, Swedish president of one^ the most successful Companies in Europe, has made it big. His Horatio Alger story is one few Hollywood writers Would^lttt. Business World At 12, he earned money by selling'rabbits from his father's farm in Uppsala. He paid his way througjh business school by running „a real estate operation on thtf"6idie. At age 33, he became; managing director (president) of the vast Beijerin* vest AB trading consortium of Stockholm Bind increased its sales 500 per cent in some nine years at the helm. Bdderinvest today is a $350 million, highly diversified group of companies concentrating on international trade. It trades with East and West in coal, oil, steel, nonferrous metals, machine tools, chemicals, food* stuffs, textiles, plastics and construction material. In the last five years, Wall has bought up 30 companies and still is looking. In those five years Beijerinvest stock has shown the best yield on the Swedish exchange, even consid­ ering Volvo's. One sibafd of fieijerinviest stock bought in 1964 when Wall took over has increased in value by S7G per cent today. Some European business 6* ecutives say Wall's biggest triumphs lie ahead, His sprawling, 107-year-old Beijer empire, they think, will be a key to the trading bridges United States companies are frantically trying to throw up to Moscow and Peking. "Yes, we could do that quickly and economically," Wall said. "We have the contacts, the confidences, the 1 organization and aJso the desire." Beijerinvest already trades heavily with the Communist powers. It never has been reluctant to do business with anyone when profits are involved. "Profit is not a dirty word, and business can be fun," said Wall. "We have to make profit because we are in business, and we must have growth because our people think that way." Wall calls the managers of his companies "profit centers." Each is given heavy support and authority. Each also is responsible for producing prof* itls of the board clafnps down. The board is made up of Chaimian Kjell Baijer, 74, nephew of the founder, Wall, and the administrative and personnel managers of some 2,200 employes. For all of his easy conversational ways and good humor, Wall can be tough and proved it on taking over Beijerinvest. He sold off losing companies and chopped non-prodoctive em ployes. He started buying companies with profit potentia and hiring younger, more aggressive managers. At first investors were skeptical of this brash young Investors Still On Sidelines This Week By LEE MITOANG UPI Business Writer NEW YORK (UPI) - It looked as if stock prices had gorte up this week on the New York Stock Exchange. There was a three - day blue chip rally, one of the best of the year. But investors held Stubbornly to the sidelines and Wall Stneiet observers got the feeling the rise was only an illusion. Buying in blue dhdps — much of it attJrbuted to institutional "window dressing" for the second quarter report — lifted the Dow Jones industrial average more ttfiaii 25 points in the three sessions. Losses Monday and Flriday out ithe gain to 11.89, with the popular indicator closing at 891.72. Standard & Poor's 500 stock index added 0.55 to 104.26. The NYSE index rose 0.28 to 54.84. Declines, however, outnumbered advances, 917 to 806, among the 1,955 issues traded. Trading, sluggish for months, Perfect Form, Money Anders Wall,, president of a vast trading consortium, is shown, above in his office with an art piece—the torso of a woman made of a transparent material with paper currency inside.-Asked about the piece, Wall said, "The two things I like-most are the perfect form and money. UNIFAX Market Reports Chicago Grain Rang* CHICAGO (UPI)-Whsat was irregularly higher, arid com, oats and soybeans substantially lower this week on the Board of Trade. Wheat was up % to 2% cents; corn off 4% to 25; oats off W2 to 12, and soybeans ofif 17 to 51. SLBE YARD SALE 453 PECK ST. MON.—1 p.m. lo 8 p.m. TXJES.—9 a.m. to 5 p.m. Extralrice baby and children s clothing and some other clothing, liots of misc, items. Not responsible for accidents. GARAGE SALE 1564 RUSSELL AVE. .< Sunday, July 1 ' ""9 A.M.-4 P.M. CLOTHING & MISC. ARTICLES )> MOVING SALE ' J702 E. Main ,MON„ July 2— All Day Everything must go. TV, compo S ent stereo set, couch, chairs, ed, table, refrigerator, nets, benches, cedar lamps & Etc. Drapes. cabi- chest, Landscape Brings Record Price LONDON (UPI) - A sale of 104 old masters at Christie's Auction House Friday netted a total of $8,389,836. The highlight of the sale was a 17th-century landscape by Aelbert Cuyp, which was purchased by California art collector Norton Simon for a record $1,584,400. Price was over 10 times more than the previous record price of $138,500 paid Christie's for a work of the Dutch painter in 1969. Dow Jones Averages NEW YORK (UPI) — Weekly Dow Jones averages, including intna^day highs and lows: Open High Low Close 30 irad 877.93 900.59 865.67 891.71 20 tran 155.83 157.88 153.16 156.18 15 uttl 103.59103.94 101.42 102.12 65 stks 269.07 273.79 264.95 271.14 Net changes: Industrials up 11.89; transportations up 0.27; utilities off 1.70; stocks up 1.59. tepered off to 61,911,540 shares, compared With 65,152,449 the week before, and 66,096,743 a year earlier. Wall Street began the week jittery over what John W. Dean might say to involve President Nixon in a ccwerup of the Watergate iflacts. The Dow plunged over 10 points to an eighteen - month low of 869.13. Analyses explained the fail by pointing to a parade of economic concerns, including the increasing evidence of a squeeze on corporate profits from both inflation, and Nixon's cure for it, along with renewed tipwamd pressure on prime lending rates'. Some, like Monte Gordon of Dreyfus Corp., argued (that the details of outside news had little effect on the market. "Wall Street has become toughened against the bits land pieces of bad news that comes its way. What it's looking at now is the way the general current Is rim ning," Gordon said. And, in fact, for reasons having nothing to do with the world outside Wall Street, the market began a three - day rally Tuesday that centered largely on blue '•chip 'buying. The rally petered out Friday, having attracted no real interest. Heightening the caution that has hung over the stock markeit for months, the German government (announced a 5.5 per cent iwialuation of the mark. Investors, not knowing what to make of the move, stayed away. UAL, Inc. was the week's volume leader, and lost % to ,16 J /4 on 1,020,800 shares. Atrter lean Medical International (ex- dividend) was second, off 3 to 7% on 868,400 shares. Levitz Furniture followed, and dipped % to 6 on 766,400 shares. Among stronger blue chip stocks, Honeywell rose 6%, Dupont 6y4, J. P. Morgan 5%, Burroughs 5%, and Eastman Kodak 4%. .. J-J-PAINTERS FREE Estimates, References. Ph. Willie Jones 342-6036 HOUSE OWNEfll FOR SALE BY OWNEHt 2 story beautiful 3 of 4 bedroom, living room, dining room, family room, large kitchen, Hi baths, fireplace, and lot more extras. Home shown by appointment only at 1388 N. Broad. 343-6470. Mid 20's,. Roofing Wonted Galesburg Area Call Collect: 462-3728 Very Reasonable. Sod For Sale LANNHOLM'S TRUCKING 343-9275 or 343-3946 BACKYAHD SALE — ««» E. Second St., Sunday, July I, 10 •.m.-4 p.m. Nothing .old Mox» 10 a.m. Inchmaster, humidifier, olothimj, pans, end tables, paperback books, odds & ends. (Rtin Date Sunday, July 8) Not Responsible for Accidents CLOSING HOME GARAGE SALE 524 SCOTCH ELM July 2 & 3 9 A.M. to 5 P.M. Housewares, yard tools and some furniture. .The Ohandeleur Islands off the southeast coast of Louisiana were discovered on Candlemas Day, 1699, by French explorers and were given the French name for that holiday. DYNAP For Soy Beans Also at Closeout Price ATREX INNESS FARM Galesburg, 111.—343-6462 LEIGHTON'S FAST LICENSE SERVICE Chambers & Berrien Sts. TRUCKS-TRAILERS CARS - MOTORCYCLES RV 's NOTARY SERVICE C&H Marker Across From Dick Blick NEW RED POTATOES $1.69 10 lb. Lettuce _. 49c Head Cabbage 12c Lb. SWEET CORN TO ears for 89c Watermelon & Cantaloupe BIG YARD SALE J598 North Prairie SATURDAY & SUNDAY 8.00 A.M. Double bed frame, single bed frame, youth bed complete, inchworm, set of dishes, pots and pane, toys and games, children's books, children's and adult's clothing, and much mort. GARAGE SALE 1348 N. WEST Monday, July 2nd 9 A.M. to 3 P.M, Clothes & Misc. CLOSING HOME SALE June 29, 30, July 1 Many lovely pieces of china, furniture, pictures & etc. Cash only, PH. 342-4329 Carlson Service Inc. Henderson Sr. Knoxville, III. Grovel, Rock, Trucking WILL BE CLOSED From July 2 Until July 15th For Vocations ODDS & ENDS SALE 1 Mi. East of Wataga ROUTE 1S7 First House South tide of road Mon., July i— And All Week Clothing, furniture, portable B&W TV, snow tires, bird cage, lawnmower and Etc. IXQTCMICOTER FOR CLOGGED SEWERS. A DRAINS iDon't Dig Up Your Sewarl No Charge If We Pall Call 343-6913 — or Phone 342-6430 GUARANTEED WORK July Clearance Sale Starts Monday, July 2nd off 0N AlL SUMMER WEARING APPAREL MITCHELLS' ROUTE 34 - ONEIDA, ILL. 9 A.M. - 5:30 P.M. MONDAY • SATURDAY FREE PARKING LOT BACKYARD SALES Garege, Patio, Driveway, Basement, Front Room, Private Household Sales and all other tales of this type mutt be In our office by noon the day before ad »* to be published. GALESBURG REGISTER-MAIL DISPLAY ADV. — Phone 343-7181 FOR SALE BY OWNER 2 Story Frame 3 or 4 Bedroom Home Exc.ll.nt Koxih Location UPPER 20's FULL BASEMENT-PATIO Phone 343-4069 8-10 a.m. — 3-7 p.m. FOR APPOINTMENT McVey Public Auction 735 So. First St. Monmouth, III. Saturday (Tonight) at 7:00 P.M. Walnut bedroom set (nlc«), queen size bed. chairs, Motorola B&W TV, RCA B&W TV, Universal campln* Vtove, bed, 4 folding sump pump, several vac. cleaners, cedar chest, travel air fan skill ?r W, J;r n 'nowe/*- E"»or*°n heater, box window fan. weed mower" ih*i « !i W / fining wheels, % regular bike*, davenport, easy chair, 6 dining chairs, round dining taBlc, lamps, 14' boat and18 hp Johnson motor, kitchenette with 4 chairs, 2 metal lawn chairs i Hurricane lamps. Other Item* Too Numeroui to Mention Auctioneer — TOM MONTBOY Co*bitf — DUTCH MELTON lcofiosilflfit. Then he became ft pied piper to many of them. They liked the results toe produced. The company has subsidiaries or offices in th© Scandinavian countries, Switzerland, Ham* burg, Prague, New York, Paris, London and Warsaw, Beijerinvest also (has a joint venture lagwement with Jim Walter Corporaitlon, a large home*buildlng and building supply company headquartered in Tampa, Fla, That venture— Crawford Door European Co. AB of Oottenberg, Sweden—last year sold $8 million worth of overhead glasis doom It has sales offices In Great Britain, Holland, Belgium, France, Hamburg and the Scandinavian countries. Partnership with the Florida company worked so wdl Wall is exploring with Walter company researchers the possibility of producing paiper board materials for sale in Eastern Europe. Beijer recently opened a New York stales outlet for fashion clothing by Katja, a textile and fashion company recently acquired In Sweden. That acquisi­ tion demonstrated how quickly Wall moves when he smells a chance for profits. "Many Swedish boards knew Katja was tip for sale and were discussing it," Wall said. "We assessed the profit potential, bid for It on the spot, and got It." Wall often acts without consulting fche other three directors. "But that's the way It is," he ®ald, toying with a silver cuff link. "They either can approve of the move or they can let me go." FOR SALE RAILROAD CROSS TIIS Call 343*228? or 343.2032 Ask for Shirley MRS. LANE Palm R«od*r and Advisor 189 N. HENDERSON ST. (Next id smudi fUilty) ft a.m. to ft p.m. If you have any problems MRS, LANE can help you I rttlfll/ you 'endings cp For appall All readings confident ippelntmanu Can MMMI Waioh lot ilon U.S. No. i NEW POTATOES Only $9 p «r 100 Lb. EXCELLENT SIZE and SHAPE For More Information Ph. 343-9139 Anytime SIDING ALL TYPES FOR LESS ALUMINUM # STEEL • VINYL WHY PAY TOO MUCH? Wo will bpnt nrty I.nqllltnnln prlcft inHufllnffl Salo Price! CALL COLLECT [309)342-5758 OR MAIL COUPON PREMIUM 30 DISTRIBUTORS BOX 329 Oaloiburg, III. 61401 Gentlemen: Send me more Information on siding for my house: ifame .„>... - Address Town - 1 Phone QUALITY PRECAST CONCRETE Manufactured In Galesburg Modern Concrete Benches Canadian Made Urns and Pots Available on Special Order Call for Garden Designing. Make an Appointment Today. GALESBURG CONCRETE MATERIAL (0. 1050 Monmouth Blvd. Ph. 343-3181 Galesburg Livestock Sales Inc. East Fremont Road — 342*1416 Bonded For Your Protection v Sale Every Tuesday TUESDAY, JULY 3, 1973 12 Angus cows and calves. 22 Lg. w/faced cows and calves. 1 4 -yr.-old Charolais Bull. 2 Registered 3 and 4 -yr-oId Charolais Bulls. 1 Registered Angus Bull. •* 20 Angus heifers, avg. 450 lbs. 19 Angus steers and heifers, avg. 550 lbs. 15 Charolais heifers, avg. 750 lbs., . . 90 Mixed heifers, avg. 450-500 lbs* hj 'i\ I > 20 Angus steers, avg. 625 lbs. 30 Angus steers, avg. 750 lbs. . 40 Hereford steers, avg. 700 lbs. 200 Mixed cattle to be sold in sniail lots. " 300 Mixed pigs. Last Tuesday, Fat Steer top $48.00; Fat Heifer top $46.90; Butcher Cows $30-$36.; Cows and Calves $450-$520 per pair; Springer Cows $400.-$450. per head; Feeder Pigs $2.-$5. head higher. Feeder cattle steady on all weights. Reg. Sole 7:00 P.M. Fat Cattle 9:00 A.M. MORE CATTLE & HOGS BY SALE TIME Feeder Cattle (or Private Sale Daily Up Until Sale Time REPRESENTATIVES: John Walters Martin M. Swanson Richard Anderson William Reynolds Robert Lindsey, Tom Kilcoin and Carl Steck — Auctioneers Read the Want Ads HILLMRNS HOME, LAWN, GARDEN CENTER Phone 342-0613 OPEN SUNDAY 1049 Grand Ave. SPECIALS OF THE WEEK OLD-FASHION _ Wooden Bushel Baskets - 99c Vi Bushel Baskets _ -89c Garden and Flower Seed - Reg. 25c pk. —_8c BUY NOW FOR NEXT YEAR Cement Bird Baths .$5.95 Assortment of Pots - $3.95 ALUMINUM 7 BLADE Rose Trellis - $9.49 Value $6.95 Suet Seed Cake for Birds - Reg. 69c 19c THIS WEEK ONLY ALL-AMERICAN Peat and Humus Top Soil - 50-lb. bog —.99c SUMMER SALE WE HAVE THE LARGEST SELECTION OF YEWS, EVERGREENS IN THIS PART OF THE STATE. ALL THESE TREES ARE ILLINOIS GROWN, Spreading Yews -12" $6.45 15" -18" - —$11.95 - -18".24" $13.95 Upright Cap Yews - V/%'4' $24.95 White Pine - 7' Tall .-$65.00 A Good Selection of Shade Tree* From 6'-8' Tall, Up to 2" Diameter Some Dwarf Fruit Trees -.,$7,95 &• HIUMAN'S For All Your L»nd»caping, Soding and D«*lgn Work Max Hillman Jr. Salesman and Designer Terry Hillman, Labor Supervisor Max Hillman Sr. Owner and General Manager

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